FIRST AMENDMENT TO FUND ACCOUNTING AGREEMENT
Exhibit (h)(2)(b)
FIRST AMENDMENT TO FUND ACCOUNTING AGREEMENT
THIS AMENDMENT is executed as of the date set forth below by and between Ambassador Funds (the “Company”) and Fund Services Group, LLC (the “Fund Accountant”).
The Company and the Fund Accountant have previously entered into that certain Fund Accounting Agreement dated August 1, 2003 (the “Agreement”), and now desire to amend the Agreement as set forth below.
The Company and the Fund Accountant agree that Section 3 of the Agreement is amended to read as follows:
3. Compensation. Each Series of the Company, as listed on Exhibit A, shall pay Fund Accountant for the services to be provided by Fund Accountant under this Agreement as follows:
·
Minimum fee of $30,000 on the first $200 million of net assets of the Series of the Company,
·
1 basis point (0.01%) on the next $300 million of net assets of the Series of the Company, and
·
one-half of a basis point (0.005%) on the net assets of the Series of the Company in excess of $500 million.
Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
Dated as of the 13th day of June 2006.
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, President
FUND SERVICES GROUP, LLC
By: /s/ Xxxxx X. Xx Xxxxxx
Xxxxx X. Xx Xxxxxx, President
Exhibit (h)(2)(b)
Exhibit A
to the
Fund Names
Separate Series of the Ambassador Funds
Name of Series
Date Added
Ambassador Money Market Fund
August 1, 2003
Selkirk Opportunities Fund
July 1, 2011
Selkirk Core Fund
July 1, 2011
Selkirk Income Fund
July 1, 2011
Selkirk Bond Fund
July 1, 2011
Selkirk Short-Term Bond Fund
July 1, 2011
